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Spanjaard Limited - Dealing In Securities By Directors

Release Date: 08/05/2002 14:59:37      Code(s): SPA
In compliance with rule 3.72 to 3.75 of the JSE Listing Requirements, the
following information is disclosed:
Director                      :    R J W Spanjaard
                                   (Executive Director)
Date of transaction           :    8 May 2002
Number of shares purchased    :    9 300 ordinary shares
Price purchased at            :    R1,65 per ordinary share
Nature of transaction         :    Purchase of shares on open market
Extent of interest            :    Direct beneficial
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